Three people are arrested after this month's celebrity Twitter Microsoft may be working to acquire TikTok's US business, and Facebook is launching licensed music videos. Here is your daily crisis for July 31, 2020.
The Big Story: Florida Teen Arrested in Twitter Hack
A hack earlier this month compromised high-profile Twitter accounts such as Apple, Elon Musk, Barack Obama, and Joe Biden, and posted messages promoting a cryptocurrency scheme. An FBI and Department of Justice investigation has now revealed three arrests: Mason Sheppard from the UK, Nima Fazeli from Orlando and a 17-year-old from Tampa.
The Tampa teenager has been described by the prosecutor as the "mastermind" of the hack and faces 30 crimes. He is said to have made more than $ 100,000 in one day thanks to the hack.
"These crimes were committed using the names of famous people and celebrities, but they are not the main victims here," Hillsborough Prosecutor Andrew Warren said in a statement.
The technology giants
Report: Microsoft in talks to buy TikTok's US business from China's ByteDance – According to Bloomberg, President Trump plans to hire China's ByteDance, owner of the successful social video app TikTok, to part with the company.
Secret documents from the US antitrust authorities reveal Big Tech's plans to control or destroy the competition. We have collected the nearly 500 pages of evidence released during the marathon hearing of the House Justice, with additional context, in a searchable version.
Facebook will release officially licensed music videos in the U.S. this weekend. The start in the USA is made possible by Facebook's expanded partnerships with top labels such as Sony Music, the Universal Music Group, the Warner Music Group, Merlin, BMG, Kobalt and other independent companies.
Startups, funding and venture capital
Genomics startup Helix receives $ 33 million in NIH funding for scaling COVID-19 tests. The funds will be used to support Helix's efforts to scale its COVID-19 testing efforts to reach a rate of 100,000 tests per day by autumn.
Self-driving startup Argo AI reaches a valuation of $ 7.5 billion – the valuation was confirmed on Thursday, almost two months after the VW group completed its $ 2.6 billion investment in Argo AI.
The iron rule of compensation for founders is dead – In the latest episode of Equity, the Y Combinator Demo Day is described both virtually and live.
Advice and analysis of extra crunch
To understand the IPO price hopes announced by Affirm, it was announced last night that Affirm, a well-known fintech unicorn, could reach the public markets with a value of $ 5 to 10 billion.
Opportunities (and Challenges) in Church Technology – Investor Will Robbins argues that this could be the perfect time for church technology companies to thrive.
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Ford Bronco reservations exceed 150,000 – The receipt of Bronco 2021 – Ford's flagship 4 × 4 vehicle series, which was unveiled earlier this month – exceeded the company's most optimistic first forecasts, Ford's CEO said in a call for profits.
What will accountability be like in 2020? – Rae Witte discusses what happens after a company is called.
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